These auto companies have given the maximum returns in the last one year, do you own any?

BSE auto index is up by 23.86 per cent in FY23!

Due to the auto sector's importance to both macroeconomic expansion and technological advancement, the Indian automobile industry has historically been a reliable barometer of how well the economy is doing. Two-wheelers and passenger cars accounted for 76 per cent and 17.4 per cent market share, respectively. Passenger car sales are dominated by small and midsized cars.

Rising middle-class income and a sizable youth population are reasons for the increasing demand for cars. By 2030, India might be a global leader in shared transportation, opening the door for electric and driverless vehicles. To cut pollution, electric vehicles are becoming more popular. By 2030, the electric car industry is anticipated to generate 5 crore employment. As the industries of logistics and passenger transportation are developing, there is a rising demand for commercial vehicles. One of the developing trends that are anticipated to fuel market expansion in the future is the electrification of vehicles, particularly three-wheelers and small passenger automobiles.

India aims to take USD 222 billion automobile industry to reach USD 300 billion by 2026. Between April 2000 and September 2022, the sector received FDI of USD 33.77 billion, which accounts for 5.48 per cent of all FDI in equity during that time. Under the FAME program, the government is also making progress. FAME II, the second phase, is a three-year subsidy initiative. Its goal is to assist in electrifying shared and public transportation. The government has increased FAME II's budget allocation by 78 per cent in the Union Budget 2023.

Following is the list of five stocks which had given maximum in the past one year: